# AVAAX Mutual Fund Volatility

AVAAX | Fund | ## USD 10.62 0.01 0.09% |

We consider Ab Municipal very steady. Ab Municipal Income retains Efficiency (Sharpe Ratio) of 0.17, which signifies that the fund had 0.17% of return per unit of price deviation over the last 3 months. Our approach towards foreseeing the volatility of a fund is to use all available market data together with fund-specific technical indicators that cannot be diversified away. We have found twenty-one technical indicators for Ab Municipal, which you can use to evaluate the future volatility of the entity. Please confirm Ab Municipal Income Standard Deviation of 0.3342, coefficient of variation of 843.52, and Market Risk Adjusted Performance of 0.3428 to double-check if the risk estimate we provide is consistent with the expected return of 0.0572%.

AVAAX |

Ab Municipal Mutual Fund volatility depicts how high the prices fluctuate around the mean (or its average) price. In other words, it is a statistical measure of the distribution of AVAAX daily returns, and it is calculated using variance and standard deviation. We also use AVAAX's beta, its sensitivity to the market, as well as its odds of financial distress to provide a more practical estimation of Ab Municipal volatility.

### 720 Days Market Risk

### Chance of Distress

### 720 Days Economic Sensitivity

Since volatility provides investors with entry points to take advantage of stock prices, companies, such as Ab Municipal can benefit from it. Downward market volatility can be a perfect environment for investors who play the long game. Here, they may decide to buy additional stocks of Ab Municipal at lower prices. For example, an investor can purchase AVAAX stock that has halved in price over a short period. This will lower your average cost per share, thereby improving your portfolio's performance when the markets normalize. Similarly, when the prices of Ab Municipal's stock rises, investors can sell out and invest the proceeds in other equities with better opportunities. Investing when markets are volatile with better valuations will accord both investors and companies the opportunity to generate better long-term returns.

## Moving together with Ab Municipal

0.95 | HICOX | Colorado BondShares | PairCorr | ||||

0.98 | KYTFX | Dupree Mutual Funds | PairCorr | ||||

0.96 | UVABX | Usaa Virginia Bond | PairCorr | ||||

0.93 | ORTFX | Aquila Tax-Free Trust | PairCorr | ||||

0.94 | ORTYX | Aquila Tax-Free Trust | PairCorr | ||||

0.96 | HULFX | Hawaiian Tax-Free Trust | PairCorr | ||||

0.96 | UVAIX | Usaa Virginia Bond | PairCorr |

## Ab Municipal Market Sensitivity And Downside Risk

Ab Municipal's beta coefficient measures the volatility of AVAAX mutual fund compared to the systematic risk of the entire stock market represented by your selected benchmark. In mathematical terms, beta represents the slope of the line through a regression of data points where each of these points represents AVAAX mutual fund's returns against your selected market. In other words, Ab Municipal's beta of 0.089 provides an investor with an approximation of how much risk Ab Municipal mutual fund can potentially add to one of your existing portfolios.

Ab Municipal Income exhibits very low volatility with skewness of -1.65 and kurtosis of 8.8. However, we advise investors to further study Ab Municipal Income technical indicators to ensure that all market info is available and is reliable. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Ab Municipal's mutual fund risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact Ab Municipal's mutual fund price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different stocks as prices fall. 3 Months Beta |Analyze Ab Municipal Income Demand TrendCheck current 90 days Ab Municipal correlation with market (DOW)

AVAAX standard deviation measures the daily dispersion of prices over your selected time horizon relative to its mean. Typical volatile equity has a high standard deviation, while the deviation of a stable instrument is usually low. As a downside, the standard deviation calculates all uncertainty as risk, even when it is in your favor, such as above-average returns.

## AVAAX Beta |

## Standard Deviation | 0.34 |

It is essential to understand the difference between upside risk (as represented by Ab Municipal's standard deviation) and the downside risk, which can be measured by semi-deviation or downside deviation of Ab Municipal's daily returns or price. Since the actual investment returns on holding a position in avaax mutual fund tend to have a non-normal distribution, there will be different probabilities for losses than for gains. The likelihood of losses is reflected in the downside risk of an investment in Ab Municipal.

## Ab Municipal Income Mutual Fund Volatility Analysis

Volatility refers to the frequency at which Ab Municipal fund price increases or decreases within a specified period. These fluctuations usually indicate the level of risk that's associated with Ab Municipal's price changes. Investors will then calculate the volatility of Ab Municipal's mutual fund to predict their future moves. A fund that has erratic price changes quickly hits new highs, and lows are considered highly volatile. A mutual fund with relatively stable price changes has low volatility. A highly volatile fund is riskier, but the risk cuts both ways. Investing in highly volatile security can either be highly successful, or you may experience significant failure. There are two main types of Ab Municipal's volatility:

### Historical Volatility

This type of fund volatility measures Ab Municipal's fluctuations based on previous trends. It's commonly used to predict Ab Municipal's future behavior based on its past. However, it cannot conclusively determine the future direction of the mutual fund.### Implied Volatility

This type of volatility provides a positive outlook on future price fluctuations for Ab Municipal's current market price. This means that the fund will return to its initially predicted market price.Transformation |

The output start index for this execution was zero with a total number of output elements of sixty-one. Ab Municipal Income Average Price is the average of the sum of open, high, low and close daily prices of a bar. It can be used to smooth an indicator that normally takes just the closing price as input..

## Ab Municipal Projected Return Density Against Market

Assuming the 90 days horizon Ab Municipal has a beta of 0.089 . This suggests as returns on the market go up, Ab Municipal average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Ab Municipal Income will be expected to be much smaller as well.Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Ab Municipal or AllianceBernstein sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Ab Municipal's price will be affected by overall mutual fund market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a AVAAX fund's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.

The company has an alpha of 0.0199, implying that it can generate a 0.0199 percent excess return over DOW after adjusting for the inherited market risk (beta). Predicted Return Density |

Returns |

## What Drives an Ab Municipal Price Volatility?

Several factors can influence a Fund's stock volatility:### Industry

Specific events can influence volatility within a particular industry. For instance, a significant weather upheaval in a crucial oil-production site may cause oil prices to increase in the oil sector. The direct result will be the rise in the stock price of oil distribution companies. Similarly, any government regulation in a specific industry could negatively influence stock prices due to increased regulations on compliance that may impact the company's future earnings and growth.### Political and Economic environment

When governments make significant decisions regarding trade agreements, policies, and legislation regarding specific industries, they will influence stock prices. Everything from speeches to elections may influence investors, who can directly influence the stock prices in any particular industry. The prevailing economic situation also plays a significant role in stock prices. When the economy is doing well, investors will have a positive reaction and hence, better stock prices and vice versa.### The Company's Performance

Sometimes volatility will only affect an individual company. For example, a revolutionary product launch or strong earnings report may attract many investors to purchase the company. This positive attention will raise the company's stock price. In contrast, product recalls and data breaches may negatively influence a company's stock prices.## Ab Municipal Mutual Fund Risk Measures

Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Ab Municipal or AllianceBernstein sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Ab Municipal's price will be affected by overall mutual fund market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a AVAAX fund's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.

Assuming the 90 days horizon the coefficient of variation of Ab Municipal is 587.81. The daily returns are distributed with a variance of 0.11 and standard deviation of 0.34. The mean deviation of Ab Municipal Income is currently at 0.22. For similar time horizon, the selected benchmark (DOW) has volatility of 1.25

α | Alpha over DOW | 0.0199 | |

β | Beta against DOW | 0.09 | |

σ | Overall volatility | 0.34 | |

Ir | Information ratio | -0.24 |

## Ab Municipal Mutual Fund Return Volatility

Ab Municipal historical daily return volatility represents how much of Ab Municipal fund's daily returns swing around its mean - it is a statistical measure of its dispersion of returns. The fund shows 0.336% volatility of returns over 90 . By contrast, DOW inherits 1.1712% risk (volatility on return distribution) over the 90 days horizon. Performance (%) |

Timeline |

## About Ab Municipal Volatility

Volatility is a rate at which the price of Ab Municipal or any other equity instrument increases or decreases for a given set of returns. It is measured by calculating the standard deviation of the annualized returns over a given period of time and shows the range to which the price of Ab Municipal may increase or decrease. In other words, similar to AVAAX's beta indicator, it measures the risk of Ab Municipal and helps estimate the fluctuations that may happen in a short period of time. So if prices of Ab Municipal fluctuate rapidly in a short time span, it is termed to have high volatility, and if it swings slowly in a more extended period, it is understood to have low volatility.

Please read more on our technical analysis page.The investment seeks to earn the highest level of current income exempt from both federal income tax and Commonwealth of Virginia personal income tax that is available without assuming what the Adviser considers to be undue risk. Ab Municipal is traded on NASDAQ Exchange in the United States.## Ab Municipal Investment Opportunity

DOW has a standard deviation of returns of 1.17 and is 3.44 times more volatile than Ab Municipal Income.**2**of all equities and portfolios are less risky than Ab Municipal. Compared to the overall equity markets, volatility of historical daily returns of Ab Municipal Income is lower than

**2 ()**of all global equities and portfolios over the last 90 days.

Use Ab Municipal Income to enhance the returns of your portfolios. Benchmarks are essential to demonstrate the utility of optimization algorithms. The mutual fund experiences a normal upward fluctuation. Check odds of Ab Municipal to be traded at $11.15 in 90 days. .

### Weak diversification

The correlation between Ab Municipal Income and DJI is

**Weak diversification**for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ab Municipal Income and DJI in the same portfolio, assuming nothing else is changed.## Ab Municipal Additional Risk Indicators

The analysis of Ab Municipal's secondary risk indicators is one of the essential steps in making a buy or sell decision. The process involves identifying the amount of risk involved in Ab Municipal's investment and either accepting that risk or mitigating it. Along with some common measures of Ab Municipal mutual fund's risk such as standard deviation, beta, or value at risk, we also provide a set of secondary indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.

Risk Adjusted Performance | 0.1204 | |||

Market Risk Adjusted Performance | 0.3428 | |||

Mean Deviation | 0.2245 | |||

Semi Deviation | 0.2587 | |||

Downside Deviation | 0.4197 | |||

Coefficient Of Variation | 843.52 | |||

Standard Deviation | 0.3342 |

Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential mutual funds, we recommend comparing similar funds with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.

## Ab Municipal Suggested Diversification Pairs

Pair trading is one of the very effective strategies used by professional day traders and hedge funds capitalizing on short-time and mid-term market inefficiencies. The approach is based on the fact that the ratio of prices of two correlating shares is long-term stable and oscillates around the average value. If the correlation ratio comes outside the common area, you can speculate with a high success rate that the ratio will return to the mean value and collect a profit.

The effect of pair diversification on risk is to reduce it, but we should note this doesn't apply to all risk types. When we trade pairs against Ab Municipal as a counterpart, there is always some inherent risk that will never be diversified away no matter what. This volatility limits the effect of tactical diversification using pair trading. Ab Municipal's systematic risk is the inherent uncertainty of the entire market, and therefore cannot be mitigated even by pair-trading it against the equity that is not highly correlated to it. On the other hand, Ab Municipal's unsystematic risk describes the types of risk that we can protect against, at least to some degree, by selecting a matching pair that is not perfectly correlated to Ab Municipal Income.

Please continue to Trending Equities. Note that the Ab Municipal Income information on this page should be used as a complementary analysis to other Ab Municipal's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Portfolio Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.

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When running Ab Municipal Income price analysis, check to measure Ab Municipal's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Ab Municipal is operating at the current time. Most of Ab Municipal's value examination focuses on studying past and present price action to predict the probability of Ab Municipal's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Ab Municipal's price. Additionally, you may evaluate how the addition of Ab Municipal to your portfolios can decrease your overall portfolio volatility.

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